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CSDDD is expected to make the reporting of ESG-related information a full-time job and fundamentally change how companies are structured around this reporting,” says Mentesana. Rainer Karcher, Allianz Technology’s chief sustainability officer, knows what the effort to streamline ESG reporting will take.
But by then, the business requirements had changed, “and frankly, it doesn’t work,’’ Mahon says. So Mahon is driving digital transformation in a different direction, doing minimumviableproducts (MVPs), or micro transformations, which are pieces of a system that are digitized in small increments.
The next step is prototyping and piloting the project using a minimumviableproduct. Its also important to identify challenges like data privacy, technical readiness, and organizational changemanagement. This helps test assumptions, gather valuable insights, and refine the solution before full deployment.
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